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Civil Society Calls for Transparent and Responsible Mineral Exploitation in the DRC

July 18, 2025July 18, 2025 Constance

DRC Civil Society Urges Transparency and Sustainable Partnerships in Strategic Mineral Exploitation On July 16, 2025, the Coalition for the Recovery of the Assets of the Congolese People (CORAC), alongside key civil society groups, issued a strong appeal for responsible and transparent management of the Democratic Republic of Congo’s (DRC) strategic mineral resources. The DRC is blessed with vast natural wealth—including copper, cobalt, gold, diamonds, timber, and abundant water resources—but decades of mismanagement continue to weigh heavily on the nation’s development. The statement revisits the controversial case of Israeli businessman… Read More Here

Mining in DRC Economy

China Expands Economic Influence in DRC as U.S. Falls Behind

July 18, 2025July 18, 2025 Constance

China Outpaces U.S. in Trade, Education, and Investment in the DRC Amid Growing Global Rivalry As competition between China and the United States intensifies, Beijing is strengthening its economic and strategic foothold in Africa, with the Democratic Republic of Congo (DRC) emerging as a key focal point—particularly in the mining and infrastructure sectors. Recent trade and education figures underscore China’s widening lead over the U.S. on the African continent. In the first five months of 2024, Chinese exports to Africa reached USD 134 billion, while U.S. exports totaled just USD… Read More Here

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World Bank Eyes Inga 3 as Future World’s Largest Hydropower Project

July 18, 2025July 18, 2025 Constance

World Bank Backs Inga 3 Dam to Surpass China’s Three Gorges and Power DRC’s Industrial Future On Wednesday, July 2, 2025, during an appearance on the Okapi radio program Parole aux Auditeurs (“Talk to the Listeners”), Albert Zeufack, World Bank Country Director for the Democratic Republic of Congo (DRC), reaffirmed the institution’s ambitious vision to make the Inga 3 hydropower project the largest dam in the world—surpassing even China’s Three Gorges Dam. “Inga 3 is a landmark project. We’ve been discussing it for decades—ever since Congo completed Inga 2 back… Read More Here

Transport and Logistics Mining in DRC Mining in Zambia

Lobito Rail Project Gains U.S. Momentum as Gateway for Africa’s Copper and Cobalt

July 18, 2025July 18, 2025 Constance

U.S. Supports Lobito Corridor Rail Project Linking DRC, Angola, and Zambia to Accelerate Mineral Exports The United States has reaffirmed its commitment to advancing the Lobito Corridor—a transformative rail project that will connect the Democratic Republic of Congo (DRC), Angola, and Zambia—in a move aimed at boosting regional trade and unlocking economic opportunities. Speaking in a recent interview, U.S. Ambassador to the DRC, Lucy Tamlyn, described the Lobito Corridor as a powerful lever for economic transformation that will benefit both the DRC and the United States. “We’re in active discussions… Read More Here

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U.S. Consortium Eyes Strategic Acquisition of Chemaf Amid Critical Mineral Race in DRC

July 18, 2025July 18, 2025 Constance

U.S. Firms Orion and Virtus in Talks to Acquire Congo’s Chemaf Resources as Global Cobalt Race Heats Up A U.S.-based consortium, including former special forces and intelligence veterans, is in advanced talks to acquire Chemaf Resources Ltd., a copper and cobalt producer at the heart of intensifying U.S.-China competition over critical minerals in the Democratic Republic of Congo (DRC). According to sources familiar with the matter, Orion Resource Partners and Virtus Minerals are jointly negotiating the acquisition of Chemaf, which is currently backed by global commodity trader Trafigura Group. While… Read More Here

Mining in Zambia Economy

President Hichilema Launches $70 Million SME Growth Initiative to Drive Inclusive Economic Development

July 18, 2025July 18, 2025 Constance

Zambia Launches $70M Growth Investment Partners Initiative to Support 150 SMEs and Mobilize $300M President Hakainde Hichilema has officially launched the $70 million Growth Investment Partners (GIP) initiative, a transformative program aimed at empowering 150 small and medium enterprises (SMEs) across Zambia and the broader region. Over the next 15 years, the initiative is expected to mobilize up to $300 million in investment dedicated to SME development and expansion. The GIP initiative is backed by key partners including British International Investment (BII), the National Pension Scheme Authority (NAPSA), and Swedfund.… Read More Here

Mining in Zambia Copper Economy

Zambia Targets 1 Million Tonnes of Copper in 2025 as Mining Sector Rebounds

July 18, 2025July 18, 2025 Constance

Zambia Set to Hit 1 Million Tonnes of Copper in 2025, Eyes 3 Million by 2030 Amid Mining Revival President Hakainde Hichilema has announced that Zambia is on track to produce one million tonnes of copper in 2025—marking a significant milestone toward the government’s long-term goal of reaching three million tonnes annually by 2030. Speaking at the Invest in Zambia Conference in Lusaka, President Hichilema highlighted the country’s renewed mining momentum, powered by a series of strategic reforms designed to unlock dormant mining assets and attract large-scale investment. A key… Read More Here

International Corporate News Oil & Gas

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

July 18, 2025July 18, 2025 Constance

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across Africa. “People think building a refinery is like building a house,” Dangote said. “If I… Read More Here

International Battery Metals Corporate News Lithium

Zimbabwe’s Kuvimba to Construct $270M Lithium Concentrator with Chinese Partners in 2025

July 18, 2025July 18, 2025 Constance

Kuvimba to Build $270M Lithium Plant at Sandawana Mine in 2025 Zimbabwe’s state-owned Kuvimba Mining House will begin construction of a $270 million lithium concentrator at its Sandawana mine in the third quarter of 2025, with commissioning expected in early 2027, according to CEO Trevor Barnard. The facility is designed to process 600,000 metric tons of lithium ore per year and will be developed in partnership with two major Chinese metals companies. Under the agreement, the Chinese firms will build and operate the plant for a minimum of five years,… Read More Here

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Kobold Metals to Invest in AI-Powered Exploration Under New Deal with DRC

July 18, 2025July 18, 2025 Constance

DR Congo Signs Strategic Mining Deal with U.S. based Company Kobold Metals to Boost Lithium Exploration and AI-Driven Geological Mapping On Thursday, at the African Union City in Kinshasa, Democratic Republic of the Congo (DRC) President Félix Tshisekedi presided over the signing of a major agreement between the Congolese government and U.S.-based company Kobold Metals. The agreement marks a significant step toward American investment in the country’s mining sector. The document was signed by Congolese Minister of Mines, Kizito Pakabomba, and Benjamin Katabuka, the Managing Director of Kobold Metals in… Read More Here